Big Sofa Technologies : Visual Insight System

RNS Number : 9557T

Big Sofa Technologies Group PLC 26 March 2019

26 March 2019

Big Sofa Technologies Group plc

("Big Sofa Technologies" or the "Company")

Visual Insight System: subscription renewals, service agreements with new clients and ongoing embedding with existing clients

Big Sofa Technologies (AIM:BST), a video analy%cs provider to the global insight and analy%cs industries, announces a number of subscrip%on renewals and services agreements with new clients for its proprietary, video-based knowledge management, sharing and collaboration system.

Highlights: Visual Insight System

• · Renewal of annual subscrip%on agreements with Target Corpora%on and 84.51˚ totalling approximately $200,000

• · Ongoing technology projects with The Procter & Gamble Company ("P&G") totalling more than £100,000 in the current financial year

• · New service agreements with blue-chip companies including a global social media company, a global clothing brand, and a global manufacturer of batteries and power systems

Big Sofa Technologies has secured renewals of annual subscrip%on agreements with Target Corpora%on and 84.51˚, the consumer insights subsidiary of Kroger, totalling approximately $200,000. P&G has also commissioned in excess of £100,000 in the first quarter. This marks further progress in strategically embedding Big Sofa Technologies in the work processes of our clients, thanks to our pioneering video analytics and platform technology.

In addi%on, the Company has recently secured service agreements with 3 new clients. The first is with a global social media company and marks a first step towards execu%ng one of the Company's strategic objec%ves: extending reach beyond retail and consumer packaged goods to the fast-growing technology and digital sectors.

The second service agreement is with a global clothing manufacturer and retailer, and the third with a global manufacturer of ba?eries and smart power systems. These are the result of a focus on new clients with the poten%al to adopt the Company's technology at scale.

Kirsty Fuller, Chief Executive Officer of Big Sofa Technologies, commented:

"In the Final Results Announcement earlier this month, I outlined the three pillars to Big Sofa Technologies' strategic roadmap: Strategic integra%on with key Ipsos service lines and technologies, Visual Insight System delivery to end clients and automated data extraction for large data companies.

Visual Insight System isour dynamic, interac%ve plaBorm for knowledge sharing, data re-mining and cross-discipline collabora%on and connec%on. It is our core direct-to-client product offering. The progress we have made in the year to date - retaining exis%ng clients on long-term revenue agreements, being added to the supplier roster of new global clients, extending the company's client base to include global technology companies - marks progress against the strategic goals that we set earlier in the year."

Enquiries:

Big Sofa Technologies Group plc Kirsty Fuller, CEO

[phone]

Joe MacCarthy, CFO

Arden Partners plc (Nominated Adviser and Joint Broker) Paul Shackleton / Ben Cryer

[phone]

Novum Securities (Joint Broker) Colin Rowbury

[phone]

About Big Sofa Technologies Group plc

Big Sofa Technologies is an insight-led technology company. The design and development of our technology has been guided by expert understanding of the insight and analy%cs industries and the needs, pressures and business questions of the clients they serve.

We uncover and analyse new-to-the-industry behavioural data sets in video, enabled by the power of our pioneeringdata capture and plaBorm technology. We are innova%ng both in how video-led projects and programmes are designed and in how the data is analysed, showcased, embedded and re-mined.

Our soJware plaBorm collates, analyses and organises large volumes of raw/unstructured video enabling our clients, which include leading market research and data companies and major household brands, to perform detailed and sophisticated consumer insight analysis and make genuine use of video content.

Big Sofa Technologies' shares are admi?ed to trading on the London Stock Exchange's AIM market under the %cker BST.L.

To find out more, visitwww.bigsofatech.com

Follow us on twitter at @bigsofatech

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